Monat: Juli 2024

• Valour’s NEAR ETP will be available on Sweden’s Spotlight Stock Market.
• Valour currently operates one of the largest Solana ETPs.
• The crypto fund issuer also operates Bitcoin, Ether, and Internet Computer ETPs.

Crypto fund issuer Valour today announced the launch of an exchange-traded product (ETP) for Near Protocol’s native token, NEAR.

This groundbreaking ETP will be available on Sweden’s Spotlight Stock Market, offering retail and institutional investors the opportunity to gain exposure to the decentralized application development platform.

NEAR ETP joins Valour’s diverse portfolio of ETPs

Valour already operates one of the largest Solana ETPs, Valour Solana, and offers a suite of staking products, including ETPs for Bitcoin, Ether, and Internet Computer.

Valour’s head of product, Elaine Buehler, emphasized the significance of this new fund, highlighting its potential to grant investors access to an asset renowned for its transformative impact on decentralized finance (DeFi) and non-fungible tokens (NFTs).

Near Protocol, designed to tackle common blockchain development challenges such as user onboarding and multi-chain operations, boasts a market capitalization of approximately $6.8 billion. This positions NEAR among the top 20 digital assets globally, according to CoinMarketCap.

The launch of NEAR ETP comes amid a wave of regulatory approvals in the United States, where investment managers BlackRock, Franklin Templeton, and VanEck recently received preliminary approval to list the first exchange-traded ETH products. Analysts predict this move will pave the way for more crypto exchange-traded products in the US, including potential Solana-based ETFs.

Valour’s parent company, DeFi Technologies, currently manages around $600 million in assets across various crypto-native strategies.

On July 16, DeFi Technologies expanded its footprint by acquiring trading desk Stillman Digital in an all-stock deal. This acquisition is expected to significantly enhance the Canadian crypto platform’s capabilities, potentially positioning it as a formidable competitor to larger entities like Galaxy Digital.

Valour’s new NEAR ETP represents a significant advancement for investors seeking exposure to innovative blockchain technologies, reinforcing the firm’s position at the forefront of digital asset investment products.

The post First ETP for Near Protocol’s NEAR token unveiled on Sweden’s Spotlight Stock Market appeared first on CoinJournal.

• Poodlana has raised over $666k in presale in 3 hours.
• Tokens are 100% unlocked after launch, with immediate DEX listing on Raydium once the presale concludes.
• Poodlana presale participants can buy POODL tokens using BASE, SOL, BNB, ETH, USDT, or USDC.

Poodlana (POODL), dubbed “The Hermès of Crypto,” has made a grand entrance into the digital currency world, amassing an impressive $666,055.36 in its presale at press time.

This remarkable feat underscores the growing interest and enthusiasm for this new player in the cryptocurrency market.

POODL presale an exclusive 30-day affair

The Poodlana presale is an exclusive 30-day event expected to close on August 16, 2024. During this period, interested investors can use BASE, SOL, BNB, ETH, USDT, or USDC to purchase POODL tokens.

Currently priced at $0.02, Poodlana’s next stage price is set to increase to $0.023, promising early adopters a potentially lucrative opportunity.

Following the presale, Poodlana plans to list on Raydium, a decentralized exchange, within 60 minutes of the presale’s conclusion. This swift move ensures maximum visibility and liquidity, making Poodlana readily accessible to a broader audience.

Furthermore, in line with its commitment to transparency and fairness, all Poodlana tokens are 100% unlocked from day one. There are no lock-ups or vesting periods, allowing investors to trade their tokens freely.

What is Poodlana?

Poodlana is not just another cryptocurrency; it aims to create a chic community of trendsetters and tastemakers.

The project is dedicated to community building, featuring social media campaigns, engaging AMAs, and exclusive presale soirées. This strategy is designed to cultivate a loyal and stylish following, positioning Poodlana as a unique and glamorous digital asset.

Poodlana’s growth strategy includes partnerships with centralized exchanges, ensuring that even traditional traders can engage with this new cryptocurrency. This approach aims to broaden Poodlana’s reach and appeal, making it a prominent player in the market.

A comprehensive marketing campaign is also in the works, featuring collaborations with top influencers, high-end fashion brands, and lifestyle platforms. This blitz aims to spread the Poodlana gospel far and wide, drawing attention from various sectors and demographics.

Poodlana’s innovation extends to its staking platform, where holders can earn rewards, and its exclusive airdrops and bonuses tied to special events and milestones. This adds an extra layer of appeal for investors looking for more than just a digital asset.

With a total supply of 1,000,000,000 tokens, Poodlana has meticulously allocated its resources: 15% for marketing, 5% for partners, 5% for rewards, 50% for presale, 10% for the treasury, and 15% for liquidity.

Poodlana’s global outreach focuses on Asia, aiming for international partnerships and multi-language support to cater to a diverse audience. Additionally, Poodlana is committed to philanthropy, supporting animal welfare through dedicated initiatives.

If interested in this intriguing Solana-based fashion-inspired meme coin, visit the official website to participate in the presale.

The post Poodlana raises over $666k within hours of launching appeared first on CoinJournal.

• Grayscale announced the launch of the Grayscale Decentralized AI Fund LLC on Wednesday, July 17.
• The fund will initially have Near Protocol (NEAR), Filecoin (FIL), Bittensor (TAO), Livepeer (LPT) and Render (RNDR).

Grayscale has officially launched the Grayscale Decentralized AI Fund that will offer exposure to top cryptocurrencies in the artificial intelligence (AI) sector.

The fund will focus On AI areas such as chatbots and image generation, data storage, GPU computation and 3D rendering among others.

NEAR, RNDR and TAO among initial fund tokens

Grayscale announced the initial crypto investments will be Near Protocol (NEAR) at 32.99%, Filecoin (FIL) 30.59%, Bittensor (TAO) 2.92%, Livepeer (LPT), 8.64% and Render (RNDR) 24.86%. Grayscale will rebalance the new fund quarterly.

“The rise of disruptive technologies has created compelling opportunities for Grayscale’s investors since our 2013 inception, and we believe the launch of the Grayscale Decentralized AI Fund provides an opportunity to invest in Decentralized AI at its earliest phase,” Rayhaneh Sharif-Askary, Grayscale’s head of product & research, said.

According to Sharif-Askary, these AI-related protocols bring to the fore the key principles of decentralization, accessibility, and transparency. Given these features, the protocols have the potential to help mitigate fundamental risks that are likely to emerge as the world grapples with the proliferation of artificial intelligence technology.

Grayscale’s AI Fund will be available to eligible accredited investors only.

The AI crypto ecosystem is currently a $30 billion market that has other top AI tokens as the Internet Computer (ICP), Artificial Superintelligence Alliance (FET), and The Graph (GRT).

Akash Network (AKT) and AIOZ Network (AIOZ) also fall into this category of AI-focused crypto projects.

The post Grayscale launches Grayscale Decentralized AI Fund appeared first on CoinJournal.